74-5040 ANE KEOHOKALOLE HWY, Big Island, HI 96740

$2,500,000
List Price
$2,500,000
MLS#
603139
Price Change
▼ $100,000 1630061918
Days on Market
2081
Status
ACTIVE
Type
Land
Land Area
535,047
Land Tenure
Fee Simple
Neighborhood
Honokohau 2nd

Property Description

• The County of Hawaii has confirmed that $458,137.97 of costs paid by the owner can be applied to the fair share costs for road and traffic improvements as specified in Condition J(5) of Change of Zone Ordinance No. 99-61 (REZ 914). The credit runs with the land, and the amount of credit used will depend on inflation-adjusted fair share costs and the number of residential units developed. • The owner has paid $95,000 in water commitment fees, which will be credited towards the facilities charges to provide water to the development of the property. • Zoning: Single-Family Residential minimum building site area 7,500 sq. ft. (RS-7.5) per Ordinance 99-61 approved May 13, 1999, and took effect subject to specific conditions on August 1, 2016. The time to comply with the condition to obtain ministerial (i.e. administrative) approval for development was extended to August 1, 2026. Plan Unit Development (PUD): PUD Permit No. 61 dated September 15, 1999. Subject to specific conditions, the permit took effect on August 1, 2016. The PUD permit allows minimum building site areas of 4,000 square feet, among other variances from the County’s Subdivision Code; the permit also envisions a clubhouse facility with recreational and social spaces. Water (71 Equivalent Units): The Department of Water Supply (DWS) of the County of Hawaii granted a commitment to supply 28,400 gallons per day or seventy-one (71) units of water at an average of 400 gallons per day (400gpd with 600gpd maximum as an equivalent unit). A water commitment deposit of $10,650 is required annually to maintain the commitment of the 71 EUs. The cumulative annual payments, currently $95,000, will be credited towards the final facilities charge for the development. Wastewater (Sanitary Sewer): The property is within the service area of the County of Hawaii’s Kailua-Kona wastewater treatment system and Kealakehe wastewater treatment plant.

Additional Information

Island
Big Island
View
Ocean
Lot Size
535,047
Neighborhood
Honokohau 2nd
Sewer
Sewer-Not Connected
Zoning
RS-7.5
Water
County, Municipal

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Listing courtesy of Joel K. LaPinta.

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